<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 11): Retail chain 99 Speedmart founder Lee Thiam Wah has ceased to be a substantial shareholder of Alliance Bank Malaysia Bhd (ABMB).</p></div>

<div class=newsTextDataWrapInner><p>Lee disposed of his indirect interest of 1.5 million shares, held via Global Success Network Sdn Bhd, in ABMB on Thursday (Aug 10), according to the bank’s filing with Bursa Malaysia on Friday.<br />
&nbsp;<br />
This resulted in his shareholding dropping slightly below 5%.</p></div>

<div class=newsTextDataWrapInner><p>His spouse Ng Lee Tieng has also ceased becoming a substantial shareholder of ABMB, given her interest in Global Success Network.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Based on the closing price of RM3.54 on Aug 10, Lee could have sold the block of shares for about RM5.31 million.</p></div>

<div class=newsTextDataWrapInner><p>Lee first emerged as ABMB’s substantial shareholder in February this year after his shareholding hit 5.076%.</p></div>

<div class=newsTextDataWrapInner><p>Vertical Theme Sdn Bhd and the Employees Provident Fund (EPF) are the two largest shareholders of ABMB, with Vertical Theme holding a 29.06% stake and EPF a 10.44% stake.</p></div>

<div class=newsTextDataWrapInner><p>ABMB shares closed unchanged at RM3.54 on Friday, implying a market capitalisation of RM5.48 billion.</p></div>


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<p>Among all precious gems, diamonds are one of the most sought after and prominent —&nbsp;for good reason. It is their rarity, durability and beauty that inspire&nbsp;the managing director of jewellery company Tomei, Datuk Ng Yih Pyng, to keep them as the focus of his star label, Le Lumiere. With over 30 years of experience under his belt, he has witnessed his fair share of industry evolutions. As technology progresses and diamond reserves begin to run dry, a new competitor — lab-grown stones — has entered the market. What does this mean for the stability of the natural gemstone trade, and what can consumers expect to see in the coming year? Ng gives us his thoughts.</p>


<p>KUALA LUMPUR (Dec 22): The Health Ministry (MOH) does not take lightly the resignation of more than 6,000 doctors over the past five years.</p>


<p>KUALA LUMPUR (Dec 21): Prime Minister Datuk Seri Anwar Ibrahim held a meeting on Saturday with local and foreign media practitioners to convey the latest developments about the country's direction related to government policies, as well as various current and future issues in Malaysia.&nbsp;</p>


<p>(Dec 21):&nbsp;The Biden administration is mulling exempting Mexico from tariffs on imported solar equipment, a last-minute change that would primarily benefit Maxeon Solar Technologies Ltd.&nbsp;</p>


<p>KUCHING (Dec 21): A supply interruption caused by generator trip at the Bakun Hydroelectric Plant (HEP) on Saturday afternoon has been fully restored to affected consumers in certain parts of Kuching, Sibu, Bintulu and Miri.</p>


<p>(Dec 21):&nbsp;A Starbucks Corp&nbsp;strike of unionised baristas has spread to three more cities in the US, disrupting service during the final days of the crucial holiday season.</p>


<p>(Dec 21):&nbsp;Lara Trump, daughter-in-law of President-elect Donald Trump, said on Saturday that&nbsp; she has removed her name from consideration to replace outgoing US&nbsp;Senator Marco Rubio.</p>


<p>(Dec 22):&nbsp;President-elect Donald Trump selected billionaire Tilman Fertitta as his ambassador to Italy, enlisting a prominent businessman and one-time reality television star for a prime diplomatic post.</p>


<p>BENGALURU (Dec 21): Stellantis&nbsp;has reversed its decision to lay off about 1,100 employees at an Ohio Jeep plant, less than three weeks after the abrupt resignation of chief executive Carlos Tavares, the Franco-Italian automaker said late on Saturday.</p>
